Transmittal - 5/3/2022ERIN MENDENHALL DEPARTMENT of COMMUNITY
Mayor and NEIGHBORHOODS
Blake Thomas
Director
SALT LAKE CITY CORPORATION
451 SOUTH STATE STREET, ROOM 404 WWW.SLC.GOV
P.O. BOX 145486, SALT LAKE CITY, UTAH 84114-5486 TEL 801.535.6230 FAX 801.535.6005
CITY COUNCIL TRANSMITTAL
________________________
Lisa Shaffer, Chief Administrative Officer
Date Received: 5/3/2022
Date sent to Council: 5/3/2022
______________________________________________________________________________
TO: Salt Lake City Council DATE: May 3, 2022
Dan Dugan, Chair
FROM: Blake Thomas, Director, Department of Community and Neighborhoods
__________________________
SUBJECT: Briefing on unallocated HUD program income funds
STAFF CONTACT: Tammy Hunsaker, Deputy Director, Community and Neighborhoods
Department, 801-535-7244, tammy.hunsaker@slcgov.com
Tony Milner, Director, Housing and Neighborhood Development Division, 801-535-6168,
tony.milner@slcgov.com
DOCUMENT TYPE: Information only
RECOMMENDATION: Briefing and policy discussion
BUDGET IMPACT: $12,000,000 in unallocated HUD program income
BACKGROUND/DISCUSSION: As an Entitlement City, Salt Lake City (the “City”) annually
receives federal block grant funding through the U.S. Department of Housing and Urban
Development (“HUD”), including through the Community Development Block Grant (“CDBG”)
and Home Investment Partnerships (“HOME”) programs. In addition to being an Entitlement
City, the Housing and Neighborhood Development Division (“Housing Division”) is a
Subrecipient of CDBG and HOME funds for City-led programs to preserve and expand
affordable housing opportunities. The Housing Division’s two largest programs in scope and
scale are the Home Repair and Homebuyer programs (the “Housing Programs”). Funds received
back to the City because of a CDBG or HOME-funded activity are generally referred to by HUD
as program income (“PI”). The Housing Programs have generated PI from the disposition of
property and payments of principal and interest on loans made with CDBG and HOME funds.
Lisa Shaffer (May 3, 2022 11:57 MDT)
Lisa Shaffer
PI funds retain their federal identity in perpetuity and are subject to all federal requirements.
Approximately $1 to $1.5 million in PI generated from the Housing Programs has historically
been included in the Housing Division’s annual budget and has been used for operating capital
for the programs. However, more PI has been generated than was being budgeted annually,
leaving a ~$12 million surplus in unused PI (the “Dormant PI”). The Administration recently
became aware of Dormant PI and is working with HUD to recognize these funds. Of the ~$12
million in Dormant PI, $5.2 is attributed to the CDBG program and $6.8 is attributed to the
HOME program. The practices that led to the accumulation of the Dormant PI have occurred
over at least a decade, likely longer.
While the Administration recognizes that PI practices need to be reformed, the Dormant PI
presents an opportunity to strategically address the hastening housing crisis. During a time of
critically low vacancy rates and skyrocketing housing costs, the Administration is proposing to
prioritize funding to expand housing opportunities for the city’s most vulnerable residents and
essential workers. Targeting these populations will assist in combating homelessness and provide
opportunities for public servants to obtain housing in the communities in which they serve. To
this end, this briefing provides an overview of the following:
1. Compliance and Best Practices – Process improvements to ensure compliance,
transparency, and accountability.
2. Proposed Prioritization of Dormant PI – The Administration’s proposed priorities
for the use of Dormant PI.
3. Plan Amendments – Process to amend the City’s Consolidated Plan and Annual
Action Plan which is required to allocate the Dormant PI.
4. Next Steps – An overview of the next steps in the process to implement process
improvements and allocate the Dormant PI to eligible projects.
1. Compliance & Best Practices
On an annual basis, the Housing Division deploys millions of dollars to address critical needs
within the city. The Housing Programs discussed herein have been in operation in one form
or another since the 1990s and have assisted thousands of homeowners to either purchase a
home or make critical life, safety, welfare repairs to their existing homes. The Dormant PI
has been accumulating and left unused for several years. Moving forward, the City will align
the utilization of PI with best practices, which is to substantially expend PI, to the extent
practical, before drawing additional CDBG or HOME funds. An exception is when PI is
placed in a HUD-approved revolving loan fund in accordance with certain requirements, in
which case it is not required to be expended for non-revolving loan fund activities.
In addition to the Housing Programs, the Housing Division administers other programs that
are primarily targeted to low-income homeownership and rental stabilization. It is important
to note that funds other than the Dormant PI have been closely tracked and monitored.
Funding allocations, activities, and outcomes are annually documented though a HUD-
required report called the Consolidated Annual Performance and Evaluation Report
(“CAPER”). Additionally, funds and outcomes are periodically audited and closely
monitored through HUD’s Integrated Disbursement and Information System (“IDIS”), a
nationwide database that is used to track program activities and compile information for
Congress.
As a separate matter from HUD’s requirements, the Administration recognizes that various
process improvements should be implemented to increase internal transparency and
accountability across the Housing Division’s activities and programs. Refer to Exhibit A:
Housing Division – Overview of Programs and Activities. Currently, the Council’s
involvement typically ends with approval of funding allocations through the annual budget
process. Moving forward, the Council may be interested in establishing program-level
policies that guide the administration of funds after the annual budget process. To this end,
the Administration is planning to engage the Council in future program-specific policy
discussions with a goal of establishing legislative policies and reporting requirements.
2. Proposed Prioritization of Dormant PI
The Dormant PI presents an opportunity to make a strategic impact as the City seeks to
broaden the set of tools available to solve the housing affordability crisis. The Administration
proposes to leverage the Dormant PI for the following target populations:
i. Extremely low-income households with a focus on persons and families
experiencing or at risk of homelessness. Activities could support housing for
households at 50% and below of the area median income (“AMI”) and could
connect individuals and families experiencing homelessness to permanent housing
that may offer supportive services to maximize housing stability.
ii. Essential services workers, such as firefighters, police workers, teachers, and
librarians. Activities could support workforce rental and ownership housing to
expand opportunities for public servants to live in the communities they serve.
Efforts would leverage the Dormant PI with other resources to maximize impact. This would
include the leveraging of surplus city property, public-private partnerships, and other public
funding sources. Investments could be targeted to improve neighborhood livability and
reduce crime through the redevelopment of distressed properties to remove undesirable land
uses. Further, investments could be targeted to expand opportunity by connecting housing
with resources that expand economic mobility, such as transit, living-wage jobs, healthy
food, high-performing schools, safe neighborhoods, and green infrastructure.
If the Council is supportive of these priorities, the Administration will provide a detailed
proposal for consideration. Uses of funds will need to align with the 2020-24 Consolidated
Plan (“Con Plan”) and Annual Action Plan and comply with respective CDBG and HOME
regulations. Eligible housing activities could include new construction, rehabilitation,
conversion (adaptive reuse to housing), direct homeownership assistance (i.e. mortgage
financing), rental assistance, property acquisition, site improvements, infrastructure, and
environmental remediation.
3. Plan Amendments
The Administration has been working with HUD on the process to recognize and allocate the
Dormant PI. As directed by HUD, the City will need to allocate the Dormant PI in a timely
manner and to eligible uses. Further, the Dormant PI cannot simply be allocated but must
also be spent within a reasonable timeframe. Amendments to the ConPlan and Annual Action
Plan are required because, pursuant to HUD regulations, an amendment is required to carry
out an activity or to spend funds not previously identified. Details are as follows:
● Consolidated Plan Amendment: The Con Plan identifies the City’s housing and
community development needs and establishes activities and general budget allocations
to address identified needs. There are two possible approaches for amending the scope of
the Con Plan – amend the budget only or amend both the budget and eligible activities.
Currently, eligible activities must support the five goals and corresponding strategies
outlined in the Con Plan, including Housing, Transportation, Community Resiliency,
Homeless Services, and Behavioral Health. Refer to Exhibit B: Con Plan Goals &
Strategies for additional information. While these goals and strategies are universal to all
the block grants covered by the Con Plan (CDBG, HOME, ESG, HOPWA), the PI will
need to be allocated to activities allowed under the program the PI was generated under.
As such, $5.2 will need to be allocated to CDBG-eligible activities and $6.8 will need to
be allocated to HOME-eligible activities.
● Annual Action Plan Amendment: In addition to amending the Con Plan, HUD will also
require an amendment to the Annual Action Plan which identifies annual funding
expenditures to carry out the Con Plan goals for each program year. The amendment will
include the specific funding allocations to programs and projects.
An overview of the requirements for eligible use of CDBG and HOME funds is as follows,
with additional detail provided as Exhibit C: Eligible Uses of Funds.
CDBG PI ($5.2 million) HOME PI ($6.8 million)
ELIGIBLE ACTIVITIES
● Housing Activities
● Neighborhood Improvements
● Economic Development
ELIGIBLE ACTIVITIES
● Housing Financing
● Housing Development
● Rental Assistance
NATIONAL OBJECTIVE
● Benefit low and moderate-income
(“LMI”) persons
● Prevent or eliminate slum & blight
● Meet an urgent need
ELIGIBLE BENEFICIARIES
● Homeownership: 80% AMI <
● Rental: 60% AMI <
● Certain 50% AMI requirements
2020-2024 CONSOLIDATED PLAN
● Identifies housing & community needs.
● Identifies 5-year goals to address needs
● Uses of funds needs to support the Con Plan.
It is important to note that the chart does not include “public services” as an eligible activity
for CDBG. Typically, HUD regulations allow for up to 15% of the total CDBG award for
that year plus 15% of the program income received from CDBG in the prior year for public
services to nonprofit organizations. The amount of CDBG Dormant PI generated on an
annual basis is unable to be determined. As such, it is impossible to know how much of the
CDBG PI would be eligible for public services. Likewise, it is impossible to determine how
much CDBG and HOME PI would be available for “planning and administration,” which is
typically 20% for CDBG and 10% for HOME. As such, HUD has advised the City to allocate
the PI to eligible uses other than public services, planning, and administration.
4. Next Steps
i. The Council may wish to provide policy direction on the Administration’s proposed
priorities for the Dormant PI, which is to expand housing opportunities for the city’s
most vulnerable residents and essential workers. If the Council is supportive of these
priorities, the Administration will provide additional detail on proposed projects and
activities for the Council’s consideration.
ii. The Administration will initiate the process to amend the Con Plan and Action Plan.
The scope of this amendment will depend on the anticipated uses of the Dormant PI.
The Administration’s proposal to expand housing opportunities for target populations
would only require an amendment to the budgets, as housing development and
preservation activities are already eligible uses of funds.
iii. The Administration will transmit information to the Council on the Housing
Division’s programs and activities, as the Council may wish to engage in policy
discussions on program-level policies that guide the administration of funds after the
annual budget process.
PUBLIC PROCESS: The City will carry out a public process to amend the Con Plan and
Annual Action Plan. This process will include a 30-day public notice process with outreach
efforts largely determined by the Citizen Participation Plan (“Participation Plan”) that is included
in the current Con Plan. The Participation Plan outlines the public’s involvement in an
amendment and encourages involvement by people with low income, especially in low-income
neighborhoods and areas where CDBG money might be spent. The City’s Participation Plan
includes the following requirements:
1. Press Releases issued by the Office of the Mayor;
2. Written Public Notices, provided in both English and Spanish;
3. Posting of written Public Notices on the State’s Public Notice website;
4. Email to the Housing Division’s comprehensive contact list consisting of residents, past and
present grant applicants, government officials, Council liaisons, interested parties,
Community Councils, local neighborhood groups, and City departments;
5. Post announcements, information, and documents to the City’s Housing and Neighborhood
Development website;
6. Information released via the City’s social media accounts;
7. Follow the City’s Public Engagement Guide;
8. The City will use electronic means wherever applicable to reduce the requirement for in
person noticing or engagement.
Once this public process concludes, the Council will hold a public hearing and consider the
amended Con Plan and Annual Action Plan for adoption.
EXHIBITS:
A. Housing Division – Overview of Programs and Activities
B. Con Plan Goals & Strategies
C. Eligible Uses of CDBG and HOME PI Funds
AcquisitionNew ConstructionSubstantial RehabMinor RehabHomebuyer Assis.Mortgage Rental AssistanceHomeless Assis.Property DiscountDeveloper Homeowner LoanFee WaiverGrantCommunity Development Block Grant
(CDBG)
Federal HUD funding Citywide Administers funding to programs that address a wide variety of community needs, including housing
assistance and rehabilitation.
80% AMI and below No requirement X X X X X X 2020-24
Consolidated Plan
Emergency Solutions Grant (ESG)Federal HUD Funding Citywide Administers funding to programs that provide homelessness services and prevention.Individuals experiencing homelessness;
30% AMI and below
N/A X X X 2020-24
Consolidated Plan
HOME Investment Partnership
Program (HOME)
Federal HUD funding Citywide Administers funding to programs that provide a wide-range of housing activities, including new
construction, rehabilitation, and rental assistance.
~60% AMI and below 5-20 years for rental and
homebuyer projects; N/A for
rental assistance
X X X X X X X
2020-24
Consolidated Plan
Housing Opportunities for Persons
with AIDS (HOPWA)
Federal HUD funding Salt Lake, Tooele
Counties
Administers funding to programs that provide assistance, to people living with HIV/AIDS.80% AMI and below N/A X X 2020-24
Consolidated Plan
CARES HUD-COVID (CDBG-CV,
ESG-CV, and HOPWA-CV
Federal HUD funding Citywide (HOPWA
includes Salt Lake,
Tooele Counties)
Administers funding to programs that address a wide variety of community needs, including: mortgage
assistance (CDBG-CV), homeless services and prevention, and rental assistance (ESG-CV), and housing
assistance to people living with HIV/AIDS (HOPWA-CV).
80% AMI and below (CDBG-CV, HOPWA-
CV) and 50% AMI and below (ESG-CV)
N/A (CDBG-CV, ESG-CV,
HOPWA-CV)X X X X
2020-24
Consolidated Plan
Funding Our Future Initiative -
Housing
Sales tax revenue Citywide Funding support for housing programs that align with alignment with goals and objectives outlined in Salt
Lake City’s Housing Plan, Growing SLC.
80% AMI and below (For DPA programs,
the AMI is up to 120%)
5-10 years for down payment
assistance X X X X X X N/A
City-Owned Property for Affordable
Housing
N/A Citywide Facilitates the development of affordable housing through the utilization and/or disposition of surplus city-
owned property.
Varies No Requirement; case-by-case
basis X X X SLC Ordinance
Chapter 2.58
Community Commitment Program General Fund Citywide Addresses the ongoing challenge of homelessness by implementing both long- and short-term solutions
with the goal of creating safety for everyone in our public spaces.
Individuals experiencing homelessness N/A X X N/A
Community Land Trust Sales tax revenue, CDBG,
CDBG Program Income
Citywide City-owned property may be placed into the trust; homebuyers purchase the housing unit and lease the land
from the City.
80% AMI and below Perpetuity X X SLC Resolution 12
of 2017
COVID Housing Stability Program -
GF
General Fund Citywide Provides rapid re-housing, homeless prevention rental assistance & mortgage assistance to stabilize SLC
households experiencing a financial hardship due to COVID-19.
60% AMI and below 5 years for mortgage assistance X X X X N/A
Emergency Rental Assistance
Program (ERAP)
Treasury Citywide ERAP provides funding for low-income households at risk of housing instability during the COVID-19
pandemic.
80% AMI and below, with a priority for
50% AMI or lower
N/A X N/A
Fix the Bricks Federal FEMA Funding Citywide Funding facilitates seismic improvements for unreinforced masonry homes (URM's). No AMI criteria None X X N/A
Handyman Program CDBG Citywide Seniors, persons with disabilities, and low income households are eligible for assistance ($1,000 or less
per year) with small household repairs.
80% AMI and below None X X N/A
Home Buyer Program CDBG program income,
HOME program income
Citywide Mortgage financing for low and moderate-income households to further affordable homeownership.50% to 80% AMI None X X N/A
Home Development Fund HOME, HOME program
income
Citywide Loans for acquisition, new construction and rehabilitation activities.80% AMI and below 20 years for rental and
homebuyer projects X X X X X X N/A
Home Rehabilitation Program CDBG Citywide Provides grants and loans to low and moderate-income households to address code issues including
health, safety, and structural deficiencies.
80% AMI and below None X X X N/A
Impact Fee Waivers N/A Citywide Facilitates the waiver of impact fees for affordable housing; Waiver varies by affordability level.100% AMI and below Varies X X X SLC Ordinance
Chapter 18.98
Neighborhood Business Improvement
Program
CDBG Target Areas Provides up to $50,000 in grants to improve the façades of local businesses. LMI census tract If over $25,000 then a 5 year
period.X X X N/A
Renovation Pilot Program (Renter
Rehab Program)
tax increment (one-time
funding)
Citywide Loans for improvements to existing affordable housing in exchange for a guaranteed period of affordability.25% of the units to be restricted at 60%
AMI and below
30 years X X N/A
State Homeless Mitigation Grant
Activities
State Citywide, with focus on
Ballpark and Central
City
State grant funds case managers and community liaisons who serve all City residents, with specific
emphasis on building community in the homeless resources center ("HRC") host neighborhoods.
N/A N/A
X X
N/A
Targeted Repair Program CDBG Citywide Grant of up to $50,000 to repair major structural and/or mechanical component deficiencies in their home.80% AMI and below If over $25,000 then a 5 year
period.X X N/A
Note: Low and Moderate-Income ("LMI") is defined as 80% of the Area Median Income ("AMI") and below. Down Payment Assistance ("DPA") can typically be provided to households up to 120% of the AMI per federal regulations.
Note: Although all of the Programs listed under "Funding Administration" are provided as "grants", funds are not always provided to the end-user as grants. As such, the City generates and/or receives program income from some of these Programs.
EXHIBIT A: HOUSING DIVISION - OVERVIEW OF PROGRAMS & ACTIVITIES
INCENTIVE TYPE
AFFORDABILITY TERM
SCOPE
AMI CRITERIAPROGRAMSOURCE OF FUNDING GEOGRAPHY
Note: All housing activities are guided by the city's housing plan, Growing SLC: A 5-Year Housing Plan.
Note: Federal or state regulations are attached to the majority of funding sources.DIRECT PROGRAMS & ACTIVITIESSLC
LEGISLATIVE
POLICY
OVERVIEW
FUNDING ADMINISTRATION
EXHIBIT B: CON PLAN GOALS & STRATEGIES
For a CDBG or HOME activity to be eligible for funding, it must align with the Needs, Goals, and
Strategies outlined in the City’s 5-year Consolidated Plan. The following goals and strategies have been
adopted in the 2020-2024 Consolidated Plan:
Housing
Goal: To provide expanded housing options for all economic and demographic segments of Salt Lake
City’s population while diversifying the housing stock within neighborhoods.
Strategies:
● Support housing programs that address the needs of aging housing stock through targeting
rehabilitation efforts and diversifying the housing stock within neighborhoods
● Support affordable housing development that increases the number and types of units available
for income eligible residents
● Support programs that provide access to home ownership via down payment assistance, and/or
housing subsidy, and/or financing
● Support rent assistance programs to emphasize stable housing as a primary strategy to prevent
and end homelessness
● Expand housing support for aging resident that ensure access to continued stable housing
Transportation
Goal: To promote accessibility and affordability of multimodal transportation options.
Strategies:
● Improve bus stop amenities to encourage the accessibility of public transit and enhance the
experience of public transit in target areas
● Support access to transportation prioritizing very low-income and vulnerable populations
● Expand and support the installation of bike racks, stations, and amenities as a way to encourage
use of alternative modes of transportation in target areas
Build Community Resiliency
Goal: Build resiliency by providing tools to increase economic and/or housing stability.
Strategies:
● Provide job training/vocational training programs targeting low-income and vulnerable populations
including, but not limited to; chronically homeless; those exiting treatment centers/program s
and/or institutions; and persons with disabilities
● Economic Development efforts via supporting the improvement and visibility of small businesses
through façade improvement programs
● Provide economic development support for microenterprise businesses
● Direct financial assistance to for-profit businesses
● Expand access to early childhood education to set the stage for academic achievement,
social\development, and change the cycle of poverty
● Promote digital inclusion through access to digital communication technologies and the internet
● Provide support for programs that reduce food insecurity for vulnerable population
Homeless Services
Goal: To expand access to supportive programs that help ensure that homelessness is rare, brief, and
non-recurring.
Strategies:
● Expand support for medical and dental care options for those experiencing homelessness
● Provide support for homeless services including Homeless Resource Center Operations and
Emergency overflow operations
● Provide support for programs providing outreach services to address the needs of those living an
unsheltered life
● Expand case management support to connect those experiencing homelessness with permanent
housing and supportive services
Behavioral Health
Goal: To provide support for low-income and vulnerable populations experiencing behavioral health
concerns such as substance abuse disorders and mental health challenges.
Strategies:
● Expand treatment options, counseling support, and case management for those experiencing
behavioral health crisis
● Support programs that provide connection to permanent housing upon exiting behavioral health
programs. Support may include, but is not limited to supporting obtaining housing via deposit and
rent assistance and barrier elimination to the extent allowable to regulation
EXHIBIT C: ELIGIBLE USES of CDBG & HOME PI FUNDS
CDBG PI FUNDS
ELIGIBLE ACTIVITIES CON PLAN
ELIGIBLE
TYPICAL
NATIONAL
OBJECTIVE
DETAILS
HOUSING
Rehabilitation: Single and Multi-Unit Residential YES LMI households;
prevent or eliminate
blight; meet
unfunded, urgent
local need
May rehabilitate or reconstruct or
convert structures, provide
homeownership assistance, and
housing counseling. Includes all
activity costs such as applicant
intake, construction specs and
procurement, and construction.
All activities must result in
achievement of a CDBG national
objective, typically by providing
housing to an LMI household.
Construction of Housing (limited) YES
Direct Homeownership Assistance YES
Housing Counseling YES
Public Housing Modernization YES
Energy Efficiency Improvements YES
Rehabilitation Administration YES
Lead-Based Paint/Lead Hazard Abatement YES
Code Enforcement YES
PUBLIC IMPROVEMENTS & FACILITIES
Senior Centers NO LMI households;
prevent or eliminate
blight; meet
unfunded, urgent
local need
May acquire, construct,
reconstruct, or rehabilitate a
public facility or improvement. All
activities must result in
achievement of a CDBG national
objective, typically by providing
access to a facility or
improvement to an LMI clientele
or to LMI persons residing in a
qualified area.
Facility for Persons with Disabilities NO
Homeless Facilities (not operating costs) NO
Youth Centers/Facilities NO
Neighborhood Facilities YES
Parks, Recreational Facilities YES
Parking Facilities YES
Solid Waste Disposal Facilities NO
Flood and Drainage Facilities NO
Water/Sewer Improvements NO
Sidewalks YES
Child Care Centers NO
Fire Stations/Equipment NO
Health Facilities NO
Removal of Architectural Barriers NO
PROPERTY ACQUISITION
Acquisition of Property YES LMI persons,
families, or area;
prevent or eliminate
blight; meet
unfunded, urgent
local need
May buy, clean up, demolish,
dispose of, and relocate
occupants from a property for an
eligible public purpose.
Disposition YES
Clearance and Demolition YES
Clean-up of Contaminated Sites/Brownfields YES
Relocation YES
ECONOMIC DEVELOPMENT
Commercial/ Industrial Building Rehabilitation YES LMI persons,
families, or area;
businesses
providing LMI jobs
or services; prevent
or eliminate blight;
meet unfunded,
urgent need
May assist commercial or
industrial activities. All activities
must result in achievement of a
CDBG national objective,
typically by creating or retaining
permanent LMI jobs or serving
an LMI area. Project examples
range from working capital loans,
to neighborhood store
expansion.
Commercial/Industrial Land Acquisition/
Disposition
NO
Commercial/Industrial Infrastructure
Development
NO
Commercial/Industrial Building Construction NO
Micro-Enterprise Assistance NO
Note: Public Services and Administration/Planning activities are not listed, as they cannot be funded with the Dormant PI.
Note: "LMI" is low and moderate-income, which is generally defined as 80% of the area median income (“AMI”) and below.
Note: CDBG funds for Housing activities must be utilized for permanent housing and not transitional or emergency shelters. Housing
activities for multifamily units are limited to new construction. Rehabilitation and new construction activities are eligible for single-family
and duplexes.
HOME PI FUNDS
ELIGIBLE PROJECTS CON PLAN
ELIGIBLE ELIGIBLE BENEFICIARIES TYPES OF ASSISTANCE
Tenant Based Rental Assistance (TBRA) YES Tenant-Based Rental Assistance
limit 60% AMI.
Development and Homebuyer
assistance limit is 80% AMI<.
5 or > units: 20% of units must be
at 50% AMI <.
All funds must be for 80% AMI
and below. Can be used on mixed
income developments, number of
affordable units is based on
Funding amount.
HOME allows multiple forms
of financial assistance or
subsidy: grants, loans,
interest subsidies, loan
guarantees, equity
investments to be provided
for eligible projects. Once a
commitment is made with
HOME PI funds, the project
must be completed in a four-
year timeframe.
New Construction- Rental &
Homeownership
YES
Rehabilitation YES
Reconstruction YES
Program Staff - Specific to TBRA YES
Acquisition YES
Project Related Soft Costs YES
Homebuyer Assistance; DPA or
Acquisition
YES
Note: Any construction, rehabilitation, soft costs, and acquisition costs are eligible as part of a complete project not stand
alone costs.
Note: Rehabilitation includes conversion to an existing structure, adaptive reuse, site improvements & infrastructure.
Note: Tenant-Based Rental Assistance is referred to as “TBRA”, Down-Payment Assistance is “DPA”.